GOOGL: Bounce or Deeper Flush Incoming?Alphabet Inc. Class ABATS:GOOGLTaxpayerTradesMarket Overview & Structure Macro Context: GOOGL is currently experiencing an aggressive corrective pullback following a strong bull run earlier this year. Current Action: Price is hovering at $346.77, testing a critical structural decision zone. Key Levels to Watch Immediate Support ($338.04): This is the ultimate local floor. A successful hold here sets up a potential double-bottom or consolidation base for a reversal. Macro Trendline Support (~$320–$325): If the $338 floor breaks, a deeper flush down to the major ascending trendline is highly probable, offering a high-probability institutional accumulation zone. Overhead Resistance ($375): The immediate supply zone to reclaim before bulls can eye a return to the psychological $400 level. Indicators & Momentum The Machine Learning RSI is currently sitting at 45.34, fast approaching the lower baseline. While selling volume has been intense, momentum is reaching a historical value zone where selling pressure typically begins to cool off. Trading Plan Bullish Scenario: Look for intraday confirmation/reversal candles around the $338–$340 region to target a relief rally back toward $375. Bearish Scenario: A clean daily close below $338 invalidates the immediate bounce thesis and shifts focus to macro accumulation lower down at the trendline. Disclaimer: This analysis is for educational and informational purposes only and should not be considered financial or investment advice. Trading financial markets involves a high degree of risk. Always conduct your own research and manage your risk before entering any positions.